Increasing vacancy often means keeping rents low and offering concessions.And while you will sometimes see "merchant builder" developers self manage with their lean team to just get a deal ready to sell, this deal is managed by Willow Bridge, who manages 180,000 units.  

So, you need to be sure it makes sense as it does not always do so.Also, keep in mind, line of credit are for short term cash needs NOT long term for example a down payment on a property you plan on keeping for the long term.

Great house in a great neighborhood, so as long as the tenants keep it up, we're friendly with the rates. 

If those things go down the values will go down (or rise more slowly), like in the rust belt.And keep in mind you're on a forum full of RE agents. 

I'd suggest it's personal finance for the next 12-18 months to put yourself in the position to do this the right way. 

For example, I know many people who have bought a house in Ewing for $200k and it's renting for $4000+ a month and this person has put maybe $50k into it over a couple years including a new roof, updated cosmetics, and was able to BRRR out all the money.

FHA and VA are government agencies and will have access to all of the applicants personal and financial information.

[Source: Census Bureau]TP: This increase in MF supply should help to keep rental rate increases in check, which should also be good news for “shelter” costs and overall inflation.A 5% cap on rental rate increases?

Each piece is a pricing add.Location, unit type/number/style/mid rise/single story, mortgage middle FICO, Down payment percent, prepay type, 3 points - no points, market rents, property good to perfect condition, rented at close with verification, reserves, vesting is real person or single LLC are the pieces that deliver a rate at a moment in time.

I personally have each of my properties setup in their own LLCs (no biz license required where I am at) and then have a personal liability policy to cover myself as an individual in case someone got through the LLC wall.